[June 15, 2012]

Robbins Geller Rudman & Dowd LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court for the District of Connecticut:

TO: ALL PERSONS WHO PURCHASED STURM, RUGER & COMPANY, INC. ("STURM, RUGER") COMMON STOCK BETWEEN APRIL 23, 2007 AND OCTOBER 24, 2007, INCLUSIVE

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the District of Connecticut, a hearing will be held on August 20, 2012, at 2:00 p.m., before the Honorable Vanessa L. Bryant, at the Abraham Ribicoff Federal Building and United States Courthouse, 450 Main Street, Hartford, Connecticut 06103, for the purpose of determining: (1) whether the proposed settlement of the Action for the sum of $3,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated December 29, 2011; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Plaintiff's counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation, together with interest thereon.

If you purchased Sturm, Ruger common stock between April 23, 2007 and October 24, 2007, inclusive, your rights may be affected by this Litigation and the settlement thereof. If you have not received a detailed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Settlement Fairness Hearing and a copy of the Proof of Claim and Release, you may obtain copies by writing to Sturm, Ruger Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 990, Corte Madera, CA (News - Alert) 94976-0990, by calling toll-free telephone (888) 224-0149, by sending an email to [email protected], or by downloading this information at www.gilardi.com. If you are a Class Member, in order to share in the distribution of the Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than September 24, 2012, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to the above address, postmarked by August 1, 2012.

Any objection to the settlement must be filed with the Court and received by counsel listed below no later than August 1, 2012.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: May 31, 2012

By Order of the Court
CLERK OF THE COURT

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